As Canadian telco BCE makes a big media purchase, the Canadian government announces it's lifting...

As Canadian telco BCE makes a big media purchase, the Canadian government announces it's lifting restrictions on foreign investment in the telecom sector. The move could lead AT&T (T) and/or Verizon (VZ) to mull investments in Canadian carriers; AT&T has been evaluating its options for deploying its cash since the T-Mobile deal fell apart.

The proposal to lift foreign ownership restrictions for telcos only apply to those who have 10% market share by revenue or less, meaning not the incumbents- BCE, Telus, Rogers or Shaw. The lift is designed to help new entrants like WIND attract foreign capital.

I'll never forget the view "Kramer" took on T when it first was taken out of the Dow. He said "It's a dead stock." And not just temporarily. Stupid me sold my T I had bought at 14 a share.Kramer, the ultimate contrarian indicator.